Property Overview

This home at 563 Edison Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, mid-century offering with strong local fundamentals. Built in 1960, its 1,143 sqft living area and 5,815 sqft lot are very much in line with the established character of the street and area. The appeal here lies in its consistency and stability. The assessed value of $340k sits above the street and neighborhood averages, suggesting the property is well-positioned within its immediate market. A key point of interest is its last known sale between 2016-2017 in the $250k-$300k range, indicating a history of value appreciation. This isn't a flashy outlier, but a home that holds its own, ranking consistently above average on its specific street for size, value, and age.

It would suit a practical buyer looking for a known quantity—someone who values being on a street of similar, well-kept homes from the same era, which can minimize surprises and support stable property values. It's ideal for those who prioritize neighborhood character over a brand-new build and appreciate a home that offers straightforward, comparable metrics to its direct neighbors.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it consistently ranks above the average for Edison Avenue itself, particularly in living area and year built. Compared to the broader city, it offers a more compact lot and living space than the Winnipeg average, but at a proportionally lower assessed value, highlighting its alignment with the Rossmere-A area's profile.

2. What does the assessed value tell me about the listing price?
The $340k assessment is a municipal valuation for tax purposes, not a market price. However, it being above the local averages indicates the city assessor sees it as a solid property within its peer group. A listing price would consider this, plus current market conditions, updates, and interior condition not captured in the assessment.

3. The home was built in 1960. What should I be concerned about?
Homes from this era may have original plumbing, electrical systems (like knob-and-tube wiring), or insulation that could require inspection and potential updating. The roof and major mechanical systems (furnace, water heater) are likely at or beyond their typical lifespans and should be carefully evaluated.

4. The lot seems smaller than the city average. Is that a drawback?
While the lot is smaller than the Winnipeg average, it is perfectly typical for Rossmere-A and Edison Avenue. This often translates to less yard maintenance and can contribute to a closer-knit street feel. The trade-off is less private outdoor space compared to newer suburban developments.

5. How can I find out the exact price it last sold for?
The public data shows a sale in the 2016-2017 period for between $250,000 and $300,000. To obtain the exact sale price and date, you would need to request that information directly from the listing source or a real estate professional, as it requires accessing the full transaction history.